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Candlestick Pattern- Hammer
- Cable has made a low of 1.5228 and slightly recovered from that level. It is currently trading at 1.52520 level. The pair also taken support around trend line (trend line joining 1.4568 and 1.5162).
- Intraday trend is slighty bullish as long as support 1.5220 holds.Any break below 1.5220 will drag the pair further down till 1.5160.
- On the higher side minor resistance is around 1.5280 and break above targets 1.5325/1.5355.
It is good to buy around 1.5250 with SL around 1.5215 for the TP of 1.5320/1.5360.
